FIA Hires Consultant and Research Analyst Focusing on DC Plans; Ascensus Acquires Firms That Service ESOPs; CalSTRS Employs New Deputy CIO; and more.
The agency says it needs the information to estimate its multiemployer program liabilities for purposes of its financial statements.
Connecticut decided to pass the law after Connecticut teachers regretted investing in certain products without being informed of fees and other charges.
The complaint alleges that at a certain point, the plan lost its church plan status as defined by ERISA and was required to adhere to ERISA funding rules.
INSIDE THE MAGAZINE PLANSPONSOR April/May 2018
Industry stakeholders immediately offered their thoughts on the complex regulatory saga that has surrounded the now-defeated DOL fiduciary rule; depending on their position in the industry and their particular client service philosophy, some providers are hailing this step as a victory, while others are bemoaning it.
Results outweigh the retirement plan sponsor costs.
A retirement plan consultant and an ERISA attorney offer tips for setting up, maintaining and following retirement plan documents.
Under the platform, plan sponsors no longer have to contact each potential provider and request separate proposals.
Seventy percent of employers use target-date funds (TDFs) as the default investment option for their retirement plans, yet ESG versions of these portfolios are virtually nonexistent, according to ClearPoint.
"Having a plan in place to manage their finances can help retirees feel confident about spending their assets and address the fears that may be holding them back,” says Marcy Keckler, vice president of financial advice strategy at Ameriprise Financial.
Retirement plan sponsors have access to a plethora of data that can help them in making plan design and participant education decisions.
Fee-levelization and zero revenue sharing are the newest trends for retirement plan fees.
However, the Trump administration has already been threatened with a lawsuit over the regulation.